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Centum FY2022 - FY2026
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VituVingiSana
#11 Posted : Wednesday, June 30, 2021 9:06:07 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
On the mall, I wish we had it's P&L and Balance Sheet so we could look at the profitability or lack thereof.
I hope the loans are being serviced from internal cashflow vs borrowing (& cash injections).

Even if it is not profitable but there is constant cashflow to service debt then it will slowly become "free and clear"

The North Tower was empty and has been so since it opened. Office space is no longer what it used to be. I "hope" (not a strategy!) the 1,000+ residents of Cascadia, Riverbank, Mzizi, Loft will provide demand for these offices. Victoria (office) Towers seemed quiet too but it was a Saturday.

Results should be out before 31 July! Watching keenly.


Two Rivers mall they usually mention their share of profit or loss in the annual report since its an associate.
In last year's annual report the loss was around ksh.2bn

Results should be out before July,kwani they have asked for an extension coz it's supposed to be 30 June.
30th June? Really? How did you figure that?

The loss last year was a FV Loss. Which is why the Balance Sheet and CF Statement are important for a better understanding.


30th June is three months after close of financial year.
Centum financial year ends on March 31
Is this according to the NSE/CMA guidelines?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sufficiently Philanga....thropic
#12 Posted : Thursday, July 01, 2021 9:18:24 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
On the mall, I wish we had it's P&L and Balance Sheet so we could look at the profitability or lack thereof.
I hope the loans are being serviced from internal cashflow vs borrowing (& cash injections).

Even if it is not profitable but there is constant cashflow to service debt then it will slowly become "free and clear"

The North Tower was empty and has been so since it opened. Office space is no longer what it used to be. I "hope" (not a strategy!) the 1,000+ residents of Cascadia, Riverbank, Mzizi, Loft will provide demand for these offices. Victoria (office) Towers seemed quiet too but it was a Saturday.

Results should be out before 31 July! Watching keenly.


Two Rivers mall they usually mention their share of profit or loss in the annual report since its an associate.
In last year's annual report the loss was around ksh.2bn

Results should be out before July,kwani they have asked for an extension coz it's supposed to be 30 June.
30th June? Really? How did you figure that?

The loss last year was a FV Loss. Which is why the Balance Sheet and CF Statement are important for a better understanding.


30th June is three months after close of financial year.
Centum financial year ends on March 31


Non financial institutions are given a 4 months window, last i checked.
@SufficientlyP
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VituVingiSana
#13 Posted : Thursday, July 01, 2021 9:44:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Sufficiently Philanga....thropic wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
On the mall, I wish we had it's P&L and Balance Sheet so we could look at the profitability or lack thereof.
I hope the loans are being serviced from internal cashflow vs borrowing (& cash injections).

Even if it is not profitable but there is constant cashflow to service debt then it will slowly become "free and clear"

The North Tower was empty and has been so since it opened. Office space is no longer what it used to be. I "hope" (not a strategy!) the 1,000+ residents of Cascadia, Riverbank, Mzizi, Loft will provide demand for these offices. Victoria (office) Towers seemed quiet too but it was a Saturday.

Results should be out before 31 July! Watching keenly.


Two Rivers mall they usually mention their share of profit or loss in the annual report since its an associate.
In last year's annual report the loss was around ksh.2bn

Results should be out before July,kwani they have asked for an extension coz it's supposed to be 30 June.
30th June? Really? How did you figure that?

The loss last year was a FV Loss. Which is why the Balance Sheet and CF Statement are important for a better understanding.


30th June is three months after close of financial year.
Centum financial year ends on March 31


Non financial institutions are given a 4 months window, last i checked.
Laughing out loudly Laughing out loudly Laughing out loudly Exactly. The certainty of the statement "Results should be out before July,kwani they have asked for an extension coz it's supposed to be 30 June." was interesting.

I didn't get an answer from @ericsson but I was waiting to quote from the CMA guidelines Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#14 Posted : Saturday, July 03, 2021 2:59:34 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Life is short. Live passionately.
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Ericsson
#15 Posted : Saturday, July 03, 2021 8:19:23 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:



This is appetizer
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#16 Posted : Sunday, July 04, 2021 12:12:34 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:

CRE's FY21 PAT was much lower than FY20 and this will bleed into the PAT for Centum IL (parent).

I still expect a dividend but the EPS will likely be lower. The nice bit is that CRE repaid almost 3bn of shareholder loans.

Sales & cash collections are going well.
50% of Riverbank sold. Handover starts in 2H22
Sales of Cascadia going rather well but "results" in FY23
Even The Loft sales are Applause
Mzizi breaks ground end of July. 30%+ sold for Phase 1. Delivery in 30-36 months.

Vipingo (74 Awali and 330 Palm) sales are good and will show up in 1H22 since they are being handed over. Phase 2 Palm (110 units) has started.

Kingswood plots are available. Also Ocean City.

UG seems to be doing well under the circumstances.

It's a marathon not a sprint as some of these sales/handover will take place over the next 36 months.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kichwa_kibov
#17 Posted : Wednesday, July 21, 2021 5:52:51 PM
Rank: New-farer

Joined: 9/24/2012
Posts: 20
Location: Tatu city
The smart man learns the truth and screams it at others to try to change their mind to his own lifestyle’s detriment. The wise man learns the truth and applies it to his life. Others learn the truth from watching him.
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cnn
#18 Posted : Tuesday, July 27, 2021 11:44:41 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
kichwa_kibov wrote:

A ksh 0.93 loss per share and ksh 0.33 dividend per share.
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McGill
#19 Posted : Tuesday, July 27, 2021 12:18:12 PM
Rank: Member

Joined: 8/1/2019
Posts: 106
cnn wrote:
kichwa_kibov wrote:

A ksh 0.93 loss per share and ksh 0.33 dividend per share.


I thought the dividend would be better.
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VituVingiSana
#20 Posted : Tuesday, July 27, 2021 10:45:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
A pity about the dividend when CICP has 7.5bn in cash equivalents.
The loss was expected due to COVID19.

FV Losses also expected with a tough real estate market.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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